Then maybe for others who want to invest in an ultra safe investment, with low yield and if it helps you to sleep at night, why not? 

There is no right or wrong investment, so don't let anyone tell you otherwise. The type of investment suitable for one person depends on the risk tolerance, investment period, cash flow and also their future target. So know these points before you invest. eg for example, I have very high risk tolerance, even if i lose 50% of my asset, I don't really care because I will only need the money in 25-30 years time and so far I have met my target benchmarks.

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Added on June 14, 2010, 11:01 am

Never rush into investment and don't be influenced by friends, I follow these investment rules:

1. Know what you are investing.
2. Know your risk tolerance.
3. Check your cash flow.
4. Know your target amount and time.

Have fun! 

y u need consider sooo much when u onli puttin d money in FD? btw, u can devide ur money into few parts n put in diffirent FD contract. means when sh1ts happen, u onli had to withdraw some of d money rather than all n lose out on d FD intereest.

wat i mean wit devide is i.e.

FD contract 1 : 14june 2009-14june 2010 rm10k
FD contract 2: 14august 2009-14august 2010 rm10k
FD contract 3: 14 october 2009- 14oct 2010 10k
bla bla bla n d list goes on

N if u r a bumi, my suggestion is, buy all u could wawasan 2020 shares. its 1 of d best return + backed by gomen.

Government having cash flow problems or having a deficit does not mean anything to ASB as they only have < 10% invested in government bonds. As long as the government does not default the bonds will still continue to pay interest. You SHOULD be more worried of your EPF as 60%-70% are invested in long term government bonds, if the government defaults on it's bonds, you will be left with nothing.   

Thats why financial education is important, as you will see your investments clearer. 

On the other hand, one might wan to consider putting in forex FD

for eg (no brainer, the best of al. periodl) : AUD giving 4.5% (1month), 5.3%(12month)

assuming if u've entered the right time (say around 2.7x - 2.8x) and when it appreciates to (3.0-3.1) -> given the historical data of aussie is pretty strong

that's quite a return .

min placement (10k rm)

not ah long..
share..
now I am waiting for my friend to explain to me more abt shares.. =)

Anybody know what is the minimum deposit amounts to be eligible for FD in any banks? Would a RM3k be possible? Need some opinions onto which bank do offer that?
any advices for a university student to start off to deposit their money in any banks which offer a lucrative interest?
I want to start deposit my money while on my university study, probably hope to target a interest rates of >3.0%pa.

A minimum of RM5,000 for 1-month placement and only RM1,000 for contract greater than 1-month.
First, look for a savings account that pay high interest. May i suggest you either the CIMB Bank AirAsia Savers Account or CIMB Islamic Bank passbook-based Mudharabah Savings Account-i ? Both offer really good interest.
Fixed Deposit is also known as Time Deposit. Depends on which bank you go to, some call it Fixed Deposit while some call it Time Deposit. Fixed Deposit/Time Deposit is not like the share market. You can't target the interest rate. All the interest rates shown are fixed by the respective banks. Generally, fixed deposit rates offered by banks across Malaysia do not differ much. You should just go to the bank that is the most convenient to you.

At the moment, fixed deposit yields around 2.4% - 3.05% depends on the bank and term.

well in all honesty, anything better what my maybank ATM-linked account, will be sufficient to raise my eyebrow.

besides, i have moved most of my savings to australia temporarily until graduation to accrue a better return (i'm averaging about 6% for non-FD accounts)

will convert back to MYR once i graduate.

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Added on June 15, 2010, 9:52 pmif you guys are sceptical about the idea of islamic banking.

maybe you can opt to try Standard Chartered Saadiq (its return is on par with bank islam's)

i have always persuaded my best friend to an islamic banking account, but unsuccessful.

when i told her that Standard Chartered, now has an islamic banking division, she agreed to open one.

i've went to hell n haven of shares n forex...

I see..
Btw I am a student LOL
I heard of a phrase.
A big risk will come with a big earning..
FD need to use maybe RM50k with 3% interest to get RM1500 a year.
If you divide by 12 month means you only earn RM 125 a month
How can we possibly live a happy live with only extra RM 125?
And.. I don't have the capability to have that much off $$ to start with..

I am not some investment specialist but ive had a good share of experience in analysing markets and trends. This is what i will say to you: Forget about AUD. When u talk about currency pricing you must always relate it to its average benchmark price. All currencies will move up or down before reverting back to its benchmark price sooner or later.

The AUD is currently trading ABOVE its historical average. The real AUD - MYR price is approx 2.5-2.6. Which means that if you go in now you risk losing heavily should the currency retract to its median range. I advised many friends to go in when the AUD was trading at 2.10 around January 2009. That would have been the best time. But now its too risky. I personally do not expect the AUD to go up beyond 2.90 unless the ringgit crashes.

What's happening to the Euro now is a typical case of a currency retracting to its median. The only reason why there's a big hoohaa is because its crash was much faster than anticipated. Most financial investors were predicting the Euro to correct downwards towards its benchmark 0.8 to the USD sooner or later but didnt expect it to crash so soon.

Therefore, i would NOT recommend anybody to buy EURO as it is trading above its average benchmark. The currency will never cross the RM5.00 range anytime within the next few years. It may not even cross the RM4.50 barrier as well.

There is a reason why many international investors are getting out of currencies. Its because once 1 currency starts correcting then the others will follow untill all major currencies 'normalise'. This is a common trend and its cycle has always happened over the years.

Also please forget about FD's. Its a real waste at the current rates. If ure interested in investing then go into gold or silver. But make sure u dont get involved in some get rich scheme. Stick to Maybank / Public Bank. For silver is more difficult since no bank trades in it.

3.05% for 12-month at Affin Bank and BSN.

There is an on-going FD promotion at AMBank now. It is called Top Rates FD. They always have this kind of FD promotion several times a year and the rate really is quite good. See below :
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http://www.pbebank.com/en/en_content/perso...ons/stepup.html

How does this PB step up rate compare with the other 3.10%p.a rate?

I learned something today thanks to you.

Anyway, I went googling and here's the link for OSK FD rates
http://www.osk188.com/page.jsp?name=TreasuryDeposit#FD